| | | SU, Suncor:
6.9 billion barrels of reserves (proved and probable)
549,100/Boe per day, 2012 production rate = 200m boe/year
Production is projected to grow to 689Mboe/d by 2017
$4.52 billion cash and cash equivalents
$10.08 billion long-term debt
Stock: $14 to $46 to $32 = 2008 low to 2011 high to today
2.5% dividend yield = ($0.20 X 4)/32 ; dividend will increase to $0.20/quarter in 2Q13
2.3% = decline in share count, end-2011 to end-2012
49B$ market cap
39B$ rev in 2012
0.6-2.3 = P/S range 5Y, now 1.3
gross margins stable in 50-60% range
debt/equity 0.29
Production growth constraints:
Average price realizations for bitumen declined significantly over the prior year quarter reflecting the widening discount of WCS (Western Canadian Select) relative to WTI due to lower demand for bitumen and limited takeaway capacity...
The Fort Hills project has received approval for a first phase of 160,000Mbls/d. Suncor, the operator of the project, said that the oil sands mine has to be found economical before it will sign off on a final investment decision on the joint venture with French oil giant Total...
According to the company's Chief Financial Officer Bart Demosky, the price differential between bitumen and West Texas crude is a hurdle and it will continue to be until it becomes easier to move the product...
Owns and operates four refineries for a combined capacity of 455,000Bls/d, a lubricants plant, and a network of more than 1500 retail businesses.
Current production at 4 sites: Surface mining is being done at Millennium and North Steepbank by using large trucks and shovels to extract the oil sands. Only 20% of all oil sands are close enough to the surface to be mined. In-situ bitumen extracting operations are undertaken at Firebag and Mackay River.
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